With recent negotiations between OPEC and Russia to freeze oil production, oil prices look more stable now. There is possible that the oil prices will go down, but it is considered by many specialists as a “black swan event”. A lot of countries are interested to keep the actual price. Improving data from US showed strength of US markets and moved the EUR/USD rate down again. But the agreement between EU and UK may give a support to EUR. The next week will give us the answer.
Below is the list of the events that will affect the markets on the coming week:
(All times are GMT)
On Tuesday, at 9:00am Ifo Institute for Economic Research will provide information about German business sentiment.
At 11:15am Swiss National Bank Governing Board Chairman Thomas Jordan deliver a speech titled “Monetary Policy in the Neighborhood of the Euro Zone” at the Policy Center Lecture, in Frankfurt.
At 3:00pm the Conference Board Inc. will release CB Consumer Confidence index.
On Wednesday, at 3:30pm Energy Information Administration will publish Crude Oil Inventories.
On Thursday, at 12:30am Australian Bureau of Statistics will announce quarterly data of Private Capital Expenditure.
At 9:30am Office for National Statistics of Great Britain provide GDP Second Estimate (q/q).
At 1:30pm statistical data from USA will arrive: Advance GDP from Bureau of Economic Analysis and Unemployment Claims from Department of Labor.
On Friday, at 1:30pm US Bureau of Economic Analysis will release Preliminary GDP (q/q).
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